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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn D. Rudolph who wrote (6372)6/17/1998 10:50:00 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
From Fleckensein, the man that the bulls hate.His comments re: Amzn.The rally was paced once again by Amazon.com, up another 10%.ÿ In my entire career I have only seen one other stock this spectacular--Presstek, three years ago, just before it flamed out.ÿ The rest of the Internet stocks went crazy on the back of Amazon; obviously with no fundamentals, there are no fundamentals to disappoint. >



To: Glenn D. Rudolph who wrote (6372)6/17/1998 11:30:00 AM
From: Sanzen  Read Replies (2) | Respond to of 164684
 
Glenn, Skeeter, and all options gurus,

I gave in and closed my short position. But I am not giving up yet.
I am looking at options and any suggestions?

1) The high premium makes straddle difficult. For example, a straddle
with July 70 only breaks even if the stock is below 50 or above 90
at expiration.

2) Puts seems to be the choice. What puts are you all buying?

Thanks!